Weegy: The Work in Process inventory account of a manufacturing firm shows a balance of $3,000 at
the end of the accounting period. [ The job cost sheets of two uncompleted jobs show charges of
$500 and $300 for direct materials, and charges of $400 and $600 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of: 120% ] (More)